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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$700,000
Available - For Sale
Listing ID: X12418615
Legal Duplex Investment Every strong portfolio starts with the right property, the kind of investment that generates income today while positioning you for long-term growth. 62 Greendale Crescent is exactly that: a fully permitted, legal duplex with proven rental income, market demand, and the fundamentals investors look for. The upper 2-bedroom unit is already leased at $2,100 per month, providing stable cash flow from day one. The lower 2-bedroom suite, with its own entrance and full layout, is vacant and ready for a new tenant at approximately $1,900$2,100 per month or it can serve as an ideal in-law arrangement while maintaining income from upstairs. With projected annual rents of approximately $48,000 and manageable operating expenses, investors can expect a cap rate in the 5 percent range. With financing available at current interest rates around 4 percent, cash-on-cash returns project in the low-to-mid single digits, with realistic potential for positive monthly cash flow. These are the fundamentals that matter, and they are rarely found at this level in todays market. Unlike many competing listings, this property is already legally compliant, offers parking for five vehicles, a fenced yard, and a low-maintenance setup. Its location near schools, shopping, transit, and highway access further ensures ongoing tenant demand and long-term stability. For first-time investors or those adding to a growing portfolio, 62 Greendale Crescent represents more than just a duplexit is an opportunity to secure reliable returns, build equity, and take the next step toward financial growth with confidence.
Price $700,000
Taxes: $4,354.87
Assessment Year: 2025
Occupancy by: Tenant
Address: 62 Greendale Cres , Kitchener, N2A 2R6, Waterloo
Directions/Cross Streets: Morgan Ave turn to Greendale Cres
Rooms: 11
Bedrooms: 2
Bedrooms +: 2
Washrooms: 2
Family Room: F
Basement: Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 17.74 17.25
Room 2: Main Kitchen 20.99 10.00
Room 3: Main Bedroom 11.58 8.00
Room 4: Main Bedroom 2 11.58 10.50
Room 5: Main Bathroom 7.35 4.92 4 Pc Bath
Room 6: Lower Kitchen 25.26 10.76
Room 7: Lower Bedroom 3 15.48 10.76
Room 8: Lower Bedroom 4 12.66 7.90
Room 9: Lower Bathroom 9.15 4.92 3 Pc Bath
Room 10: Lower Other 5.74 4.82
Room 11: Lower Utility R 20.50 12.76
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  3 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Duplex
Style: Bungalow
Exterior: Aluminum Siding
Brick
Garage Type: Carport
(Parking/)Drive: Private
Drive Parking Spaces: 4
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Square Footage: 700-1100
Property Features: Place Of Wor
School
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Total Payment $ $ $ $
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Toronto Real Estate Realty Plus Inc

62 Greendale Cres , Kitchener, N2A 2R6, Waterloo

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
Style: Bungalow
Lot Size: x 100.00(Acres)
Approximate Age:
Tax: $4,354.87
Maintenance Fee: $0
Beds: 2+2
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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